Education
1981 |
Diplom-Volkswirt: University of Erlangen-Nürnberg |
1984 |
Dr. rer. pol. (Ph D in Economics): University of Erlangen-Nürnberg |
1990 | Habilitation: University of Erlangen-Nürnberg |
Positions
01/1992-09/1996 |
Associate Professor of Economics, University of Colone |
10/1996-09/2000 |
Professor of Economics and Head of Chair of Economic Policy, University of Bamberg |
10/2000-03/2024 | Professor of Economics and Head of Chair of Empirical Macroeconomics, University of Augsburg |
Publications in English
Textbook
- Dynamic General Equilibrium Modeling, Computational Methods and Applications (with Burkhard Heer), Third Edition, Springer Nature Switzerland 2024 (Second Edition, Springer-Verlag Germany 2009, First Edition, Springer-Verlag Berlin 2005)
Refereed Journals
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Perturbation Solution an Welfare Costs of Business Cycles in DSGE Models (with Christopher Heiberger), Journal of Economic Dynamics and Control, 113, 2020
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Projection Methods and the Curse of Dimensionality (with Burkhard Heer), Journal of Mathematical Finance, 8, 2018, 317-334
Solver for non-linear equations -
Cyclical Asset Returns in the Consumption and Investment Goods Sector (with Burkhard Heer and Bernd Süßmuth), Review of Economic Dynamics, 28, 2018, 1094-2025
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Q-Targeting in New Keynesian Models (with Burkhard Heer and Halvor Ruf), Journal of Business Cycle Research, 13(2), 2017, 189-224
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On the Numerical Accuracy of First-Order Approximate Solutions to DSGE Models (with Christopher Heiberger and Torben Klarl), Macroeconomic Dynamics, 21, 2017, 1811-1826
Appendix
Fortran, Dynare, Maple -
A Note on the Characterization of the Neoclassical Production Function (with Andreas Irmen), Macroeconomic Dynamics, 21(7), 2017, 1827-1835
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The Cash-in-Advance Constraint in Monetary Growth Models with Labor Market Search (with Burkhard Heer), Macroeconomic Dynamics, 19, 2015, 144-166
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On the Uniqueness of Solutions to Rational Expectations Models (with Christoper Heiberger and Torben Klarl), Economics Letters, 128, 2015, 14-16
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A Note on an Extension of a Class of Solutions to Dynamic Programming Problems Arising in Economic Growth (with Jürgen Antony), Macroeconomic Dynamics, 16, 2012, 472-476
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Asset Returns, the Business Cycle, and the Labor Market (with Burkhard Heer), German Economic Review, 14(3), 2013, 372-397
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Firm Heterogeneity, Credit Constraints, and Endogenous Growth (with Jürgen Antony and Torben Klarl), Journal of Economics, 105, 2012, 199-224
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Log-Normal Approximation of the Equity Premium in the Production Model (with Burkhard Heer), Applied Economics Letters, 19, 2012, 407-412
Computer programme -
The Burden of Unanticipated Inflation: Analysis of an Overlapping Generations Model with Progressive Income Taxation and Staggered Prices (with Burkhard Heer), Macroeconomic Dynamics, 16, 2012, 278-308
Computer programme - The Money-Age Distribution: Empirical Facts and the Limits of Three Monetary Models (with Burkhard Heer and Paul D. McNelis), Journal of Macroeconomics, 33, 2011, 390-405
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Value Function Iteration as a Solution Method for the Ramsey Model (with Burkhard Heer), Journal of Economics and Statistics, 231, 2011, 494-515
Computer programme -
Inflation and Output Dynamics in a Model with Labor Market Search and Capital Accumulation (with Burkhard Heer), Review of Economic Dynamics, 13, 2010, 654-686
Computer programme - Computation of Business Cycle Models: A Comparison of Numerical Methods (with Burkhard Heer), Macroeconomic Dynamics, 12, 2008, 641-663
- Determinants of Business Cycles in Small Scale Macroeconomic Models: The German Case (with Julius Spatz), Empirical Economics, 31, 2006, 925-950
- Endogenous Growth with Nominal Frictions, Journal of Economics, 83, 2004, 1-46
- Adjustment Costs and Nominal Rigidities in a Small Open Economy, Journal of Economics and Statistics, 222, 2002, 463-489
- Wage Gaps in Textbook Models: Do they Account for the German Unemployment Experience?, Review of Economics, 50, 1999, 156-177
- Partisan Profiles in Presidential Policies: Methodological Issues and Empirical Evidence Reconsidered (with Markus Küppers), Journal of Macroeconomics, 20, 1998, 387-395
- Learning to Believe in Nonrational Expectations That Support Pareto-superior Outcomes, Journal of Economics, 65, 1997, 235-256
- Partiasan Profiles in Government Policies, A Comparative Study for Germany and the United States (with Markus Küpper), Review of Economics, 47, 1996, 298-309
- Market versus Political Decision Making, Implications from Discounted Utility Maximization, Jahrbuch für Sozialwissenschaft, 40, 1989, 145-159
- Public Consumption, Optimal Capital Accumlation, and the Social Rate of Time Preference, Journal of Institutional and Theoretical Economics, 143, 1987, 324-333